| superchunk said:
@TheRealMafoo Clearly we disagree on this. Inaction was proven to not work with the GD. They chose to not give funds to banks and raise tariffs. Both were absolutley horrible actions that resulted in massive economic worldwide failure. It wasn't until tariffs were brought down and the banks that were left were released from Gold standard and the new rules for our banking system where unlimited funds can be pumped into the banks, then the situation began to improve. Granted, by then it had snowballed so badly it took massive government spending, a war, and massive rebuilding of infrastructure to bring about the economy. They are now trying to curtail far worse conditions and far more money spent by spending now and saving the most important markets. Could it have been done better and with better oversight, of course. Is it still better than nothing, definitely. |
How can you say the government raised tariffs, and then say inaction proved not to work? Raising tariffs is an action.
Also, in the GD, we never borrowed money we didn't have; we just taxed the hell out of the rich to pay the debt off. This is not what we are doing today. We are creating debt to try and solve a debt problem. We have spent trillions of dollars, and still the economy gets worse every day.
